Course and condition specific wedges may be a strategy you want to consider. Tight lies, hard turf, and firm bunkers suggest low bounce wedges. Soft turf, fluffy lies, and soft sand call for more bounce. I doubt weâll ever know what the bounce or grind was on the wedge Tiger used on Oakmontâs third hole yesterday.
Definition - What does Fixed Success Fee mean? Fixed success fees are a predetermined amount for the work performed by an investment banker or M&A advisor to complete a transactions. Fixed success fees may be appropriate in situations where the banker can estimate the total amount of work (or hours) that will be required to complete the engagement.
DEFINITION of 'Licensing Fee'. 1. An amount of money paid by an individual or business to a government agency for the privilege of performing a certain service or engaging in a certain line of business. 2. A sum paid to use a copyrighted item, such as a photograph or logo, that is owned by someone else.